IMF reaches deal to unlock $441 million in funds for Tanzania
Tanzania is set to gain $441 million from the IMF after a staff-level agreement was reached under two existing financial support programs.
US approves Stinger missile sale to Morocco
Morocco is set to purchase Stinger Block I missiles for $825 million after US approval.
Mali shuts Barrick Gold’s office in Bamako over tax allegations
Barrick Gold’s office in Bamako was shut by Mali’s government over unpaid taxes, deepening an ongoing mining dispute between the two sides.
BRICS warn US tariffs hurt global growth
BRICS members express concern over US tariffs, warning of damage to global trade and developing nations.
AfDB warns of tariff ‘shock wave’ for African economies
AfDB President Akinwumi Adesina warns that US tariffs will weaken African economies and increase inflation and debt servicing costs.
Zambia to resume power line link with Tanzania, World Bank says
The Zambia–Tanzania Interconnector Project, set for completion by 2028, will be funded with $320 million from the World Bank, the European Union, and Britain
Diesel and gasoline prices rise sharply in Egypt
Egypt increases fuel prices by up to 15 percent in 2025 as part of an IMF-backed reform plan to scale down energy subsidies and cut the fiscal deficit.
Fitch says Africa can weather US aid cuts and trade strains
Despite U.S. aid cuts and global trade friction, African credit ratings remain stable with local reforms and financial institutions offering support.
Study: Trump’s car tariffs to hit US industry hard
The automotive industry could face $4,911 to $8,722 in tariff costs per vehicle under Trump’s new 25% import tax.
AfDB plans $2.2B boost for Nigerian farms
AfDB is launching a major agro-project in Nigeria with $2.2 billion in investments to reduce food imports and boost local farming productivity.
US tariffs jeopardize 35,000 citrus jobs in South Africa, farmers warn
The warning comes days after President Donald Trump imposed a 31% tariff on imports from South Africa
Kenya’s high business costs could limit tariff trade gains
Kenya hopes to gain from U.S. tariff differences but faces global recession risks and high business costs that could limit its export growth.
Trump threatens steep new China tariffs as global markets tumble
The US-China trade war deepens as Trump vows new tariffs and stock markets suffer major losses.
South Africa treasury seeks new funding without VAT hike
President Ramaphosa notes few viable alternatives to a VAT hike as the treasury continues its 30-day revenue review.
Zimbabwe suspends tariffs on US imports to boost trade
In a bid to improve bilateral relations, Zimbabwe suspends tariffs on US imports, promoting more American goods in the country.
Nigeria’s central bank sells $200 million to stabilize the naira
To counteract the economic effects of Trump’s tariffs, Nigeria’s central bank sold US$197.71 million to defend the naira currency.
Musk calls for zero tariffs between the US and Europe
Musk voiced support for free trade and open movement between the US and Europe while speaking to Italy’s League Party after Trump’s tariff plans.
Egypt’s net foreign assets rise by $1.48 billion in February
Central bank data shows Egypt’s net foreign assets climbed to $10.18 billion in February amid rising investor interest.
Ethiopia gets more time to repay debt but avoids any write-down
Official creditors granted Ethiopia more time to pay its debt, agreeing on extended terms without reducing the principal amount.
South Africa avoids retaliation and seeks US tariff exemptions
Trump’s 31% tariff on South African goods prompts the country to pursue negotiations instead of imposing reciprocal trade measures.
US tariffs spark South Africa’s call to reform global trade rules
South Africa demands WTO reform after US tariffs threaten trade, jobs, and agreements like AGOA, urging a fair and transparent global system.
Africa’s digital push grows as Raxio expands data centre reach
The World Bank’s IFC is investing $100 million in Raxio to expand Africa’s data centre capacity, addressing growing digital demand and infrastructure shortages.
US envoy meets Tshisekedi as crisis deepens in eastern DR Congo
DR Congo’s president met with Trump’s Africa advisor to discuss mining, security, and investment as conflict continues in the country’s mineral-rich east.
US-Africa trade deal faces uncertainty with new Trump tariffs
Trump’s latest tariffs on imports could end the US-Africa trade deal AGOA, disrupting exports and economic growth in key African industries.